High-Visibility Retail Development
For Sale
Contact for pricing
5731 New Kent Hwy, Quinton, VA 23141
Zoned BUS commercial land with highway frontage on a 1-acre parcel along New Kent Highway.
Property Size4,306 SF
Lot Size1.00 Acre
Price / SF$127.73
Days on Market795
Property Features for 5731 New Kent Hwy
General Information
Standard status
Active
Size
4,306 SF
Lot size
1.00 Acre
Property subtype
RETAIL
Zoning
BUS
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Joyner Commercial
(804) 854-0508
Listed By:
Zachary Robbins
Source:
Moodyscre
Added: May 28, 2024
Changed: Jul 27
Last Checked: Jul 30 at 1:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joyner Commercial
Investment Insights
Based on property information with market context.
The offering is a commercial land parcel zoned BUS. It’s a 1-acre site with frontage along New Kent Highway, positioned for redevelopment and future reuse.
The property is located in Quinton, VA and is described as being in close proximity to residential development. Public remarks also reference estimated population growth and average home values within a one-mile radius.
For buyers seeking a retail redevelopment or repositioning opportunity, this site’s highway-facing frontage is a key physical attribute called out in the available information.
The property is located in Quinton, VA and is described as being in close proximity to residential development. Public remarks also reference estimated population growth and average home values within a one-mile radius.
For buyers seeking a retail redevelopment or repositioning opportunity, this site’s highway-facing frontage is a key physical attribute called out in the available information.
Key Highlights
- Zoned BUS commercial land
- 1‑acre parcel with frontage along New Kent Highway
- Located near residential development
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.4k | $17.04 |
| − Vacancy | −$6.2k | −$1.45 |
| EGI | $67.1k | $15.59 |
| − OpEx | −$20.1k | −$4.68 |
| NOI | $47.0k | $10.91 |
4,306 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$671.4K
$587.5K – $783.3K
NOI $46,996 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.8K
$870.5K – $1.16M
NOI $69,638 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 68%
Shops & Services 32%
Food Lion Grocery Store
Groceries
14,914 visits/mo
0.3 miles
Dollar General
Shops & Services
7,066 visits/mo
0.1 miles
Demographics for 23141, VA
7,739
Population
3,262
Households
2.4
Avg Household Size
44
Median Age
36%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
220
Density / Sq Mi
$117,076
Median Household Income
$53,013
Median Earnings
$1,513
Median Rent
$358,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Zoned BUS commercial land with highway frontage on a 1-acre parcel along New Kent Highway.
Where is this commercial land located?
The property is located at 5731 New Kent Hwy Quinton, VA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Zoned BUS commercial land; 1‑acre parcel with frontage along New Kent Highway; Located near residential development
